Transafrican Development Inc

Charity Navigator Rating: One-Star out of Four Stars (55%)

Transafrican Development Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The overall score of 55% reflects a lack of independent board members and insufficient financial statement reviews, which are critical elements for ensuring transparency and governance.

The organization does demonstrate strengths in certain areas, such as having policies for conflict of interest, whistleblower protection, and document retention. Additionally, it has been noted that there is no material diversion of assets, which is a positive aspect of their financial management. However, the absence of independent board members raises questions about oversight and decision-making processes.

Limitations in financial reporting are evident, particularly the failure to post tax forms on their website, which detracts from their transparency. Moreover, while the program expense ratio is moderately acceptable at 61.05%, it suggests that there may be room for improvement in how funds are allocated towards programs versus administrative costs. Overall, the low rating emphasizes the need for significant improvements in governance and financial accountability.

This AI summary has been generated from information found on Charity Navigator.

Transafrican Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Transafrican Development Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Heare are some key statistics you may want to consider:

Executive Compensation: $121,685
Professional Fundraising Fees: $0
Other Salaries and Wages: $193,931

For more financial information, click here

Official website here: www.ndandohouse.org